Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of Aehr Test Systems (NASDAQ: AEHR) closed at $16.85 in the last session, down -2.43% from day before closing price of $17.27. In other words, the price has decreased by -$2.43 from its previous closing price. On the day, 1.17 million shares were traded. AEHR stock price reached its highest trading level at $18.15 during the session, while it also had its lowest trading level at $16.65.
Ratios:
We take a closer look at AEHR’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.24 and its Current Ratio is at 6.03. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.05.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Craig Hallum on July 17, 2024, Upgraded its rating to Buy and sets its target price to $25 from $12 previously.
On March 26, 2024, Craig Hallum Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $12.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 02 ’24 when SLAYEN HOWARD T bought 20,000 shares for $15.50 per share. The transaction valued at 310,000 led to the insider holds 220,714 shares of the business.
DANESH FARIBA bought 10,000 shares of AEHR for $185,800 on Jul 30 ’24. On Jul 30 ’24, another insider, DANESH FARIBA, who serves as the Director of the company, sold 10,000 shares for $18.59 each. As a result, the insider received 185,900 and left with 16,390 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AEHR now has a Market Capitalization of 511724416 and an Enterprise Value of 468154944. As of this moment, Aehr’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.09, and their Forward P/E ratio for the next fiscal year is 35.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.87 while its Price-to-Book (P/B) ratio in mrq is 4.07. Its current Enterprise Value per Revenue stands at 7.974 whereas that against EBITDA is 66.994.
Stock Price History:
The Beta on a monthly basis for AEHR is 1.86, which has changed by -0.22729307 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, AEHR has reached a high of $23.45, while it has fallen to a 52-week low of $9.83. The 50-Day Moving Average of the stock is 26.67%, while the 200-Day Moving Average is calculated to be 27.64%.
Shares Statistics:
According to the various share statistics, AEHR traded on average about 1.40M shares per day over the past 3-months and 1179370 shares per day over the past 10 days. A total of 29.58M shares are outstanding, with a floating share count of 27.67M. Insiders hold about 6.62% of the company’s shares, while institutions hold 70.61% stake in the company. Shares short for AEHR as of 1734048000 were 6478825 with a Short Ratio of 4.64, compared to 1731628800 on 6518222. Therefore, it implies a Short% of Shares Outstanding of 6478825 and a Short% of Float of 23.020001.
